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Category: Business
Dangote raises petrol prices to N955 from N899/litre
The Dangote Petroleum Refinery has confirmed an increase in the price of Premium Motor Spirit (PMS), also known as petrol, to its customers. This was…
Dangote Refinery eyes fresh crude imports, targets 650,000bpd in June
The Dangote Petroleum Refinery is targeting importing crude oil feedstock over insufficient supply from the Nigerian National Petroleum Company as the oil firm ramps up…
Nigerian Govt seeks robust reforms, smarter investments for economic development
The Federal Government of Nigeria has called for bold reforms and smarter investments to address current economic realities. The Minister of Finance and Coordinating Minister…
BREAKING: Customs revenue increased by 90.4%, hit N6.1trn in 2024 – CG, Adeniyi
The Comptroller General of the Nigeria Customs Service, Bashir Adeniyi, said the service collected N6.1 trillion in revenue in 2024, a 90.4 percent increase from…
Telcos, ICT firms owe Nigerian banks N1.69tn as calls, data tariffs loom
Nigeria’s information, communication and technology firms, including telecommunications companies in Nigeria, owed deposit money banks N1.69 trillion as of September 2024 amid telecommunication operators’s calls…
Depots increase petrol price in Nigeria
Major petroleum products depots in Nigeria on Monday adjusted their landing cost of premium motor spirit and other petroleum products. The development comes as the…
Why national grid will continue to collapse – Nigerian Govt
Minister of Power, Adebayo Adelabu, has said that the national electricity grid will remain prone to collapse. According to the Minister, this was due to…
BREAKING: Nigeria in Darkness as National Grid Collapses
Major parts of Nigeria have been thrown into darkness as the national grid experienced a collapse on Saturday, marking the first time in the year….
Fuel price: N100bn grant not free money – PETROAN
The Petroleum Product Retail Outlet Owners Association (PETROAN) has explained that the N100 billion intervention request from President Bola Ahmed Tinubu is not free money…
Fuel price: PETROAN to sign direct purchase agreement with three Nigerian refineries
Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), has announced that it will sign a direct purchase agreement with three Nigerian refineries. This was…